Author Topic: Potential new member for BitShares Exchange Network, if only...  (Read 5861 times)

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Offline hamiltino

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Re: Potential new member for BitShares Exchange Network, if only...
« Reply #30 on: October 03, 2015, 11:13:16 pm »
How about keep things quiet and not start more speculative bullshit. If it actually happens then talk.

OR this thread was designed to pump BTS

Offline onceuponatime

Re: Potential new member for BitShares Exchange Network, if only...
« Reply #31 on: October 03, 2015, 11:22:21 pm »
How about keep things quiet and not start more speculative bullshit. If it actually happens then talk.

OR this thread was designed to pump BTS

Stan appears to be gathering ideas. Are you down on ideas?

Offline Stan

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Re: Potential new member for BitShares Exchange Network, if only...
« Reply #32 on: October 03, 2015, 11:24:27 pm »
We have always used this forum as a resource for brainstorming solutions.

My previous post was packed full of raw ideas that I hope the folks here will chew on and embellish.

We have an unbelievable number of entrepreneurs in this community and several have already contacted me with ideas they are working on.   Clearly, the one who adds this particular capability to the BitShares Exchange Network stands to profit and benefit us all.

It's an entrepreneurial opportunity to start your own business.  We have shared it for all to consider.

Let the race to develop the best solution go on!
That's what this community does.  :)
« Last Edit: October 03, 2015, 11:27:41 pm by Stan »
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline Ben Mason

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Re: Potential new member for BitShares Exchange Network, if only...
« Reply #33 on: October 04, 2015, 08:09:32 pm »
How about keep things quiet and not start more speculative bullshit. If it actually happens then talk.

OR this thread was designed to pump BTS

Working on developments and having an open discourse, despite the ill informed trolling and occasional attempts to manipulate the stupid, is one of this community's greatest strengths. Please try to join in constructively or just come back in 3-5 yrs once things are less interesting and more stable.

Offline Murderistic

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Re: Potential new member for BitShares Exchange Network, if only...
« Reply #34 on: October 05, 2015, 12:29:56 am »
Hey guys I want to go ahead and take the heat for this one, I personally asked Stan to post in the forum to see if we could get anybody that has some additional connections I did not have, or additional ideas I could not come up with on how to solve this problem.

« Last Edit: October 05, 2015, 02:29:21 am by Murderistic »

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Re: Potential new member for BitShares Exchange Network, if only...
« Reply #35 on: October 05, 2015, 12:57:49 am »

Obvious answers that were probably already considered... coinbase, circle, itbit maybe paypal.  Circle would be the best since they are now allowed to hold USD.

I agree Circle is the best option. There withdrawal limits are $3000 weekly for bank accounts and they don't charge transaction fees, although an ACH fee is really only about $0.15.

Offline tonyk

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Re: Potential new member for BitShares Exchange Network, if only...
« Reply #36 on: October 05, 2015, 01:04:04 am »
Hey guys I want to go ahead and take the heat for this one, I personally asked stand to post in the forum to see if we could get anybody that has some additional connections I did not have, or additional ideas I could not come up with on how to solve this problem

And more importantly did anyone came with something that can work?
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline fuzzy

Re: Potential new member for BitShares Exchange Network, if only...
« Reply #37 on: October 05, 2015, 01:53:53 am »
Hey guys I want to go ahead and take the heat for this one, I personally asked stand to post in the forum to see if we could get anybody that has some additional connections I did not have, or additional ideas I could not come up with on how to solve this problem

Probably best to ask for yourself, but i have personally always liked the open conversation.  It gives us an idea of where we are that they are so open about it. 

And as for finding answers, it was worth it to check...you never know when an untapped resource may be found. :)
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Offline puppies

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Re: Potential new member for BitShares Exchange Network, if only...
« Reply #38 on: October 05, 2015, 02:52:05 am »
Hey guys I want to go ahead and take the heat for this one, I personally asked stand to post in the forum to see if we could get anybody that has some additional connections I did not have, or additional ideas I could not come up with on how to solve this problem

Probably best to ask for yourself, but i have personally always liked the open conversation.  It gives us an idea of where we are that they are so open about it. 

And as for finding answers, it was worth it to check...you never know when an untapped resource may be found. :)

Ten years ago my long time girlfriend ran payroll at a temp agency.   They were a small family owned business, and they did payroll not only for themselves, but also for a lot of the small businesses in the area. 

Sadly you're ten years late.  We've lost touch, and she lives two states away.

I think posting asking for options was a great idea.  There is a chance that someone is in the situation I was in ten years ago.
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Offline lovejoy

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Re: Potential new member for BitShares Exchange Network, if only...
« Reply #39 on: October 05, 2015, 02:54:20 am »

Obvious answers that were probably already considered... coinbase, circle, itbit maybe paypal.  Circle would be the best since they are now allowed to hold USD.

I agree Circle is the best option. There withdrawal limits are $3000 weekly for bank accounts and they don't charge transaction fees, although an ACH fee is really only about $0.15.

Humor me here, what would a pitch to circle look like? What would be their incentive (in the grand scheme of things?)  I'm genuinely curious.

Quote
Founded in 2013 by serial Internet entrepreneurs Jeremy Allaire and Sean Neville, Circle is backed by $76 million in venture capital investment from Goldman Sachs, IDG Capital Partners, Breyer Capital, Accel Partners, General Catalyst Partners, Oak Investment Partners, Fenway Summer, Digital Currency Group, and Pantera Capital.
« Last Edit: October 05, 2015, 02:56:41 am by bitscape »

Offline tonyk

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Re: Potential new member for BitShares Exchange Network, if only...
« Reply #40 on: October 05, 2015, 03:20:31 am »

Obvious answers that were probably already considered... coinbase, circle, itbit maybe paypal.  Circle would be the best since they are now allowed to hold USD.

I agree Circle is the best option. There withdrawal limits are $3000 weekly for bank accounts and they don't charge transaction fees, although an ACH fee is really only about $0.15.

Humor me here, what would a pitch to circle look like? What would be their incentive (in the grand scheme of things?)  I'm genuinely curious.

Are you trying to point out that a free road trip won't suffice in this case?

... and what is a better pitch than a free road trip???????
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline lovejoy

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Re: Potential new member for BitShares Exchange Network, if only...
« Reply #41 on: October 05, 2015, 03:35:49 am »
stay on topic.

clout

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Re: Potential new member for BitShares Exchange Network, if only...
« Reply #42 on: October 05, 2015, 03:53:36 am »

Obvious answers that were probably already considered... coinbase, circle, itbit maybe paypal.  Circle would be the best since they are now allowed to hold USD.

I agree Circle is the best option. There withdrawal limits are $3000 weekly for bank accounts and they don't charge transaction fees, although an ACH fee is really only about $0.15.

Humor me here, what would a pitch to circle look like? What would be their incentive (in the grand scheme of things?)  I'm genuinely curious.

Circle is doing everything they can to make a gateway for bitcoin (cryptocurrencies) and have people using bitcoin (crypto currencies) without them realizing that they are. They have in the past year created the best gateway for that purpose. Aside from the speed of Bitcoin transactions the real problem that they have in garnering more adoption is that bitcoin is a commodity. So even though Circle now has USD accounts, when a user sells bitcoin for usd they are supposed to keep track of and report any gains or losses. Using bitusd would allow for the user to use cryptocurrencies without worrying about reporting requirements. Also bitassest markets are privatized, so not only can they control the market and but also accrue revenue from trading fees.

Offline BunkerChainLabs-DataSecurityNode

Re: Potential new member for BitShares Exchange Network, if only...
« Reply #43 on: October 05, 2015, 04:07:58 am »

Obvious answers that were probably already considered... coinbase, circle, itbit maybe paypal.  Circle would be the best since they are now allowed to hold USD.

I agree Circle is the best option. There withdrawal limits are $3000 weekly for bank accounts and they don't charge transaction fees, although an ACH fee is really only about $0.15.

Humor me here, what would a pitch to circle look like? What would be their incentive (in the grand scheme of things?)  I'm genuinely curious.

Circle is doing everything they can to make a gateway for bitcoin (cryptocurrencies) and have people using bitcoin (crypto currencies) without them realizing that they are. They have in the past year created the best gateway for that purpose. Aside from the speed of Bitcoin transactions the real problem that they have in garnering more adoption is that bitcoin is a commodity. So even though Circle now has USD accounts, when a user sells bitcoin for usd they are supposed to keep track of and report any gains or losses. Using bitusd would allow for the user to use cryptocurrencies without worrying about reporting requirements. Also bitassest markets are privatized, so not only can they control the market and but also accrue revenue from trading fees.

What do you mean by the bold part? Why would you want that?
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clout

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Re: Potential new member for BitShares Exchange Network, if only...
« Reply #44 on: October 05, 2015, 04:12:28 am »

Obvious answers that were probably already considered... coinbase, circle, itbit maybe paypal.  Circle would be the best since they are now allowed to hold USD.

I agree Circle is the best option. There withdrawal limits are $3000 weekly for bank accounts and they don't charge transaction fees, although an ACH fee is really only about $0.15.

Humor me here, what would a pitch to circle look like? What would be their incentive (in the grand scheme of things?)  I'm genuinely curious.

Circle is doing everything they can to make a gateway for bitcoin (cryptocurrencies) and have people using bitcoin (crypto currencies) without them realizing that they are. They have in the past year created the best gateway for that purpose. Aside from the speed of Bitcoin transactions the real problem that they have in garnering more adoption is that bitcoin is a commodity. So even though Circle now has USD accounts, when a user sells bitcoin for usd they are supposed to keep track of and report any gains or losses. Using bitusd would allow for the user to use cryptocurrencies without worrying about reporting requirements. Also bitassest markets are privatized, so not only can they control the market and but also accrue revenue from trading fees.

What do you mean by the bold part? Why would you want that?


I mean that if you want to go from bitusd to usd you there are no tax implications, if you go from bitcoin to usd there are. the former is more convenient than the latter.